OAU 0.00% 0.5¢ ora gold limited

thx the cheap way into umc upside, page-20

  1. 19,875 Posts.
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    being nibbled at this morning .... umc off the boil today, but thx looks relatively cheap still; so perhaps some switching going on ???

    certainly the chart indicates that thx was a lot higher last time umc crested these levels. perhaps a reflection of the sale of the umcos ? still 20.5m shares in umc means thx's market cap represents a fair chunk of that umc asset.

    add in the other cash and assets, drilling underway and the projects set for production and you're almost getting the rest for zip.

    its a buy imo.
 
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